MFA Financial, Inc. Announces First Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock

Rhea-AI Summary

MFA Financial, Inc. has declared dividends for its preferred stock for Q1 2022. A $0.46875 per share dividend will be paid on the 7.50% Series B Cumulative Redeemable Preferred Stock, with payment scheduled for March 31, 2022. The record date for shareholders is March 1, 2022. Additionally, a $0.40625 per share dividend will be issued for the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on March 31, 2022, to shareholders recorded by March 1, 2022.

Positive

• Declared dividends of $0.46875 per share for Series B and $0.40625 for Series C, indicating strong cash flow.
• Continuing to provide reliable income for preferred stockholders.

Negative

• None.

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that its Board of Directors has declared the payment of dividends on the Company's outstanding 7.50% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") and 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"). 

In accordance with the terms of the Series B Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.46875 per share for the quarter ending March 31, 2022.  This dividend is payable on March 31, 2022, to Series B Preferred stockholders of record as of March 1, 2022. 

In addition, in accordance with the terms of the Series C Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.40625 per share for the quarter ending March 31, 2022.  This dividend is payable on March 31, 2022, to Series C Preferred stockholders of record as of March 1, 2022. 

MFA Financial, Inc. is a leading specialty finance company that invests in and finances residential mortgage assets.  MFA invests, on a leveraged basis, in residential whole loans, residential mortgage-backed securities and other real estate assets.  Through its subsidiaries, MFA also originates and services business purpose loans for real estate investors.  MFA is an internally-managed, publicly-traded real estate investment trust.

CONTACT:	InvestorRelations@mfafinancial.com
	212-207-6488
	www.mfafinancial.com

Category: Dividends

View original content:https://www.prnewswire.com/news-releases/mfa-financial-inc-announces-first-quarter-dividends-on-series-b-preferred-stock-and-series-c-preferred-stock-301484228.html

SOURCE MFA Financial, Inc.

FAQ

When is the dividend payment date for MFA's Series B Preferred Stock?

The dividend payment date for MFA's Series B Preferred Stock is March 31, 2022.

What is the dividend amount for MFA's Series C Preferred Stock?

The dividend amount for MFA's Series C Preferred Stock is $0.40625 per share.

What is the record date for receiving dividends on MFA's preferred stocks?

The record date for receiving dividends on MFA's preferred stocks is March 1, 2022.

How does MFA Financial generate income from its investments?

MFA Financial generates income by investing in residential mortgage assets, including whole loans and mortgage-backed securities.